Washington Agrees to Share 60M Doses of AstraZeneca Vaccine
The U.S plans to share about 60 millions doses of AstraZeneca vaccine with the rest of the world according to The Wall Street Journal. Officials also explore an urgent need…
UBS Seeks More Transparency with Clients at it Reveals $861 Million Archegos Loss
UBS Group AG incurred a loss of $861 million from the Archegos Capital Management collapse, according to Bloomberg. The bank said it will improve on risk management including strengthening transparency…
Texas Tipped for Two More House Seats in Constitutional Congressional Reshuffling
Thirteen states are likely to gain or lose seats in the U.S House in next year’s elections based on a formula set in a 1941 law, according to The Wall…
Tesla Revenue Jumps 74% on Record Deliveries but Earnings Remain Below Estimate
Tesla recorded a revenue of $10.4 billion in the first quarter, up 74% from the same period last year, according to the company’s press release. Net profit jumped from $16…
More Economists Expect Fed to Taper with Bond Buying this Year-Survey
45% of economists see the Federal Reserve tapering with bond purchases in the fourth quarter, according to Bloomberg Quint. The number reflects a hawkish shift from March when more economists…
Goldman Tips U.K for Faster Growth than US. Upgrades Growth Forecast of 7.8%
Goldman Sachs has upgraded U.K’s growth to 7.8% in 2021, up from 6.8% it set in February, according to CNBC. With the upgraded forecast, Goldman expects faster recovery in the…
Apple Allocates $430 Billion to U.S Innovation, Growth Over Five Years
Apple will accelerate U.S investments with more than $430 billion new contributions over the next five years, according to the company’s press release. The planned investment is expected to create…
Binance Announces New Stock Tokens on its Platform
Binance.com has announced it will avail MicroStrategy, Apple, and Microsoft stock tokens on its platform. Users can trade the stock tokens on the Binance platform. MicroStrategy stock tokens will be…
EVs Boosted as German’s EnBW Plans Europe’s Biggest Charging Park
German power supplier EnBW plans to open the biggest public fast charging park for electric vehicles in Europe in the fourth quarter, according to Yahoo! Finance. The facility will supply…
GSX’s Chen Sees his Fortunes Plunge More than 80% after Archegos Mishap
Fortunes of GSX Techedu Inc.’s owner Larry Chen fell by 81% in the stock market tumbling in late January, according to Bloomberg. Chen’s fortunes have plunged almost $13 billion to…
Bitcoin a Ponzi Scheme? ‘Black Swan’ Author Taleb Thinks So
Bitcoin critic Nassim Taleb has termed the crypto asset as an open Ponzi scheme and failed currency, reports Markets Insider. Taleb, who is the “Black Swan” author, has downplayed any…
Vebitcoin, Another Turkey’s Crypto Exchange Collapses. Accounts Freezed
Vebitcoin has stopped operating citing worsening financial conditions, according to Bloomberg. The collapse has left CEO Ilker Bas and three other employees in custody. Following the collapse, Tukey’s Financial Crimes…
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